Johnson Matthey Given “Buy” Rating at Deutsche Bank (JMAT)
Johnson Matthey (LON:JMAT)‘s stock had its “buy” rating restated by equities research analysts at Deutsche Bank in a research note issued to investors on Wednesday, AnalystRatings.Net reports. They currently have a GBX 3,050 ($49.21) target price on the stock. Deutsche Bank’s price objective would suggest a potential upside of 9.28% from the company’s current price.
A number of other analysts have also recently weighed in on JMAT. Analysts at Bank of America Corp. reiterated a “buy” rating on shares of Johnson Matthey (LON:JMAT) in a research note to investors on Monday. They now have a GBX 2,950 ($47.60) price target on the stock. Separately, analysts at BNP Paribas reiterated an “outperform” rating on shares of Johnson Matthey (LON:JMAT) in a research note to investors on Thursday, September 26th. They now have a GBX 3,300 ($53.24) price target on the stock. Finally, analysts at Galvan Research reiterated a “buy” rating on shares of Johnson Matthey (LON:JMAT) in a research note to investors on Monday, September 23rd. They now have a GBX 3,050 ($49.21) price target on the stock. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of GBX 2,902.57 ($46.83).
Shares of Johnson Matthey (LON:JMAT) traded down 0.78% during mid-day trading on Wednesday, hitting GBX 2791.00. 292,842 shares of the company’s stock traded hands. Johnson Matthey has a 52-week low of GBX 2150.00 and a 52-week high of GBX 3015.00. The stock has a 50-day moving average of GBX 2864. and a 200-day moving average of GBX 2617.. The company’s market cap is £5.656 billion.
Johnson Matthey Plc is a global specialty chemicals company operating in three divisions: Environmental Technologies, Precious Metal Products and Fine Chemicals.
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